Question 1

Which of the following is NOT a contributing factor to wage determination?
A) gender
B) education
C) size of organization
D) volunteer experience
E) tenure

Accepted Answer

Volunteer experience is not typically considered a contributing factor to wage determination. The other options, such as gender, education, size of organization, and tenure, are commonly factors that employers consider when determining an employee's wages.

Question 2

Which of the following refers to a multiple meaning of compensation?
A) societal
B) employee
C) stockholder
D) relational
E) personal

Accepted Answer

Relational compensation refers to the non-monetary rewards that employees receive from their work, such as recognition, appreciation, and opportunities for growth.

Question 3

Which of the following is NOT a form of relational return?
A) employment security
B) recognition and status
C) work-life balance
D) challenging work
E) learning opportunities

Accepted Answer

C

Question 4

Working with great co-workers is a(n) _____.
A) incentive
B) entitlement
C) relational return
D) network of returns
E) benefit

Accepted Answer

The answer of Working with great co-workers is a(n) _____.
A)...

Question 5

Paying executives based on company performance measures such as shareholder return can help keep executives focused on the best interests of the company

Accepted Answer

Paying executives based on company performance measures such as shareholder return incentivizes them to work towards maximizing returns for the shareholders and therefore keeps their focus on the best interests of the company.

Question 6

Compensation refers to all forms of non-financial returns and intangible services and benefits that employees receive as part of an employment relationship.

Accepted Answer

Compensation refers to all forms of financial and non-financial rewards that employees receive as part of an employment relationship. Non-financial rewards can include things like recognition, job satisfaction, work flexibility, and job security, while intangible services and benefits can include things like training and development opportunities, employee assistance programs, and wellness programs.

Question 7

Compliance means an organization cares about how its results are achieved

Accepted Answer

The answer of Compliance means an organization cares about how...

Question 8

How can a well-designed compensation system help achieve and sustain competitive advantage?

Accepted Answer

The answer of How can a well-designed compensation system help...

Question 9

What are some of the main reasons for the gender wage gap?

Accepted Answer

The answer of What are some of the main reasons...

Question 10

Why are work-life programs becoming so popular with employers?

Accepted Answer

The answer of Why are work-life programs becoming so popular...

Question 11

What is the difference between procedural and distributive fairness?

Accepted Answer

The answer of What is the difference between procedural and...

Question 12

Briefly describe the four main strategic policy decisions in the pay model.

Accepted Answer

The answer of Briefly describe the four main strategic policy...

Quiz 1: The Pay Model

Which of the following is NOT a contributing factor to wage determination?

Which of the following refers to a multiple meaning of compensation?

Which of the following is NOT a form of relational return?

Working with great co-workers is a(n) _____.